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The Dollar has rebounded off 15 month lows, but fell to some late profit taking towards the end of the session. Sterling suffered as comments from the Bank of England appeared to have endorsed a weak pound. A weak currency could potentially spur exports. Australian employment numbers were the biggest event of the night [...]

Gold traded as high as $1,122, with investors continuing to buy in following the confirmation from the Fed that interest rates would remain low. Gold has now rallied 7% this month, and is up 26% this year. The question now is whether or not continued dollar weakness will see gold move further North, or [...]

All eyes will be on today’s weekly inventories, due for release later on today, but it is the IEA’s comments that may take centre stage in early trading. They have revised up their 2010 demand forecasts but have warned that further price rises may hinder the global economic return. The November crude chart shows that [...]

Risk Appetite Elevated After Australian Jobs Data
Risk appetite has been maintained across the FX markets after Australian Unemployment figures overnight remained relatively stable at 5.8% as expected. AUDUSD rallied sharply after the release from 0.9310 to 0.9370, and bids have kept the pair elevated around 0.9350 levels into the European session. The news comes in [...]

COMMODITIES – Up Again As Dollar Weakens; Gold Hits New Record
* Fresh commodities charge as dollar hits 15-month lows
* Strong Chinese data also boosts investors’ risk appetite
* Gold hits record near $1,120/oz
* RJ/CRB index up as much as 1.2 pct
NEW YORK, Nov 11 (Reuters) – Gold surged to fresh record peaks near $1,120 an [...]

US Session
GBP has taken a considerable beating today compared with its major peers despite a surprise drop in ILO Unemployment rate to 7.8% (8.0% expected, 7.9% last), and the BoE’s Quarterly Inflation Report which upgraded growth forecasts modestly and indicated inflation was set to rise sharply in the short term. GBPUSD was trading around 1.6750 [...]